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I SPEINGSTED <br />I ~ PUBLICi FINANCE ADVISORS <br /> <br /> I <br /> I <br /> I <br /> ! <br /> I <br /> I <br /> I <br /> I <br /> I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> Home Office <br /> 85 E,~st Seventh Place <br /> rSuite 100 <br />Saint Paul, MN 55101-2143 <br />(6 t~2) 223-3000 <br /> Fax: (612) 223-3002 <br /> <br />February 23, 1995 <br /> <br />Mayor Glen D. Hardin <br />Members, City Gouncil <br />Mr. Ryan R. Scl!roeder, City Administrator <br />Ms. Jessie Hart,.Finance Officer <br />City of Ramsey i <br />15153 Nowthen Boulevard NW <br />Ramsey, MN 5~303-6197 <br /> <br /> 120 South Sixth Street <br /> Suite 2507 <br />Minneapolis, MN 55402-1800 <br />(612) 333-9177 <br /> Fax: (612) 349-5230 <br /> <br /> 16655 West 81uemound Road <br /> Suite 290 <br /> Brookfield, WI 53005-5935 <br /> (414) 782-8222 <br /> Fax: (414) 782-2904 <br /> <br /> 6800 College Boulevard <br /> Suite 600 <br />Overland Park, KS 66211-1533 <br />(913) 345-8062 <br /> Fax: (913) 345-1770 <br /> <br /> 1800 K Street NW <br /> Suite 831 <br />Washington, DC 20006-2200 <br />(202) 466-3344 <br /> Fax: (202) 223-1362 <br /> <br />Re: <br /> <br />Recommendations for the Issuance of $2,600,000 General Obligation Tax Increment <br />Bonds, Series 1995A <br /> <br />We respectfully request your consideration of our recommendations for the issuance of the <br />above mentioned bonds according to the terms and conditions set forth in the attached Terms <br />of Proposal. <br /> <br />The bonds are being issued pursuant to Minnesota Statutes, Chapters 469 and 475 to finance <br />various public i~provement projects within the City's Development District No. 1. The <br />composition of the issue is as follows: <br /> <br />Public Improvements: <br />Uranium Street <br />Md, Kinley Street <br />AEC Utility Extension * <br />Suf~wood Drive * <br /> <br />$ 254,400 <br />527,950 <br />1,121,000 <br />635.300 <br /> <br />Subtotal <br />Costs of Issuance <br />AIIdwance for Discount Bidding <br />LeSs: Investment Earnings <br /> <br />Totel Bond Issue <br /> <br />$2,538,650 <br /> 36,500 <br /> 39,000 <br /> (14,150) <br /> <br />$2.600.000 <br /> <br />* Represents only that portion of total project costs to be financed with this bond issue. <br /> <br />The bonds will be! general obligations of the City for which the City l~ledges its full faith and <br />credit and power tb levy direct general ad valorem taxes without limit as to rate or amount. In <br />addition, the City irWill pledge tax increment revenues generated from within the City's Tax <br />Increment Financiag Districts Nos. 1, 2 and 4. The City does not expect to levy taxes for <br />this issue. <br /> <br /> <br />